Edge of the Dragon
An expert advisor that will support your portfolio in the long term!!! It is fully automated EA for several timeframes which uses a number of Technical, Fibonacci and Elliot Wave studies to determine the key turning points of price. The Advisor then places stop-orders at these levels. With an optimizable fixed stop-loss of 90 pips and a profit target of 140 pips.
This advisor is designed to run on the H1 GBPJPY and uses time tested techniques to open orders AND CAN RUN VERY WELL ON MANY OTHER PAIRS USING SHORT-TERM OPTIMISATION.
§ It is a traditional strategy with a profit target larger than the stop loss.
§ The advisor uses stop-orders at key turning points.
§ Exits any opens positions on Friday- GMT+2 with US DST.
§ All parameters are visible to allow you to fit this outstanding EA to other pairs.
Recommended Parameters to optimise:
§ LongStopTrailingCoef: from -1 to 1 – step 0.1
§ ShortStopTrailingCoef: from -1 to 1 – step 0.1
§ StopOrderCoef: from -1 to 1 - Step 0.01
The recommended money management is 1% per trade.